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Foreign distributors eye pharmacy market
Stimulated by the full opening of the domestic medical service sector to the foreign competition in 2005, some of major foreign pharmaceutical related business firms including Wellgrin of US and Boots of U.K. plan to ...
Main opposition strongly demands the review of SDP function
The main opposition Grand National Party (GNP) has recently issued its left-leaning 8-point policies of the government and among them, the current system of separating drug dispensing from medical practice (SDP) funct...
Antibiotics and injectable drug medication declined
The antibiotic and injectable drug medication declined from 25.39% in the first quarter to 20.69% in the 4th quarter of 2001 while overall medication expenditures went up according to a survey reported by the HIRA aga...
License of OTC products to be subject to report
The Korea Food and Drug Administration (KFDA) has announced that a series of new measures designed to ameliorate drug-related administration will be adopted in the second half of this year:
- The items to be repor...
Collusion and dispensing without prescriptions under strict investigation.
The MOHW is going to investigate violation against the medical and pharmacy role separation program such as the business collusion in prescription-filling practices between medical institutions and pharmacies and the ...
Too exaggerated drug advertising through Internet channels.
As most of drug advertising through the internet channels found extremely exaggerated, many people voiced with deep worries about the public credibility of drugs, especially for tonic drinks and quasi-drugs, claiming ...
Legal background for 6 year pharmacy school system to set up.
A legal background for the extension of pharmacy school curricula from the current 4 year to 6 year system seems to be raised by 22 lawmakers of the National Assembly led by Rep. Lee Won-hyung.
They drafted a revis...
Compulsive policy on drug prices hampers the pharmaceutical industry
In its recent executives' meeting, the Korean Pharmaceutical Manufacturers Association (KPMA) has demanded that the government should promote to foster better management atmosphere of the domestic pharmaceutical indus...
NHI pricing on first and late coming products to differentiate.
A research paper pointed out that the NHI prices for the late coming products should be differentiated from the first one, and the NHI drug listing should be periodically reviewed. For the reference price system, the ...
Mount criticism on the unfair behavior of foreign-invested firms
Pharmaceutical industry sources say that the unfair behavior of foreign-invested pharmaceutical firms, such as scouting of able salespersons in local pharmaceutical firms and drug wholesalers, and tight money collecti...
